Exercise 16-7 (Static) Trend Percentages [LO16-1] Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows Year 41 $2,160,000 Sales Cash Year 1 $1,000,000 Year 2 $1,900,000 Year 3 $ 2,070,000 Year 5 $2,250,000 $50,000 $65,000 $40,000 $40,000 Accounts receivable, net Inventory 300,000 345,000 405,000 510,000 600,000 660,000 690,000 720,000 $30,000 570,000 750,000 Total current assets $950,000 $1,070,000 $ 1,143,000 $1,270,000 $1,350,000 Current liabilities $400,000 $440,000 $520,000 $560,000 $640,000 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (ie., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales 100.0% Current assets Cash 100.0% 196 % Accounts receivable, net 100 0% % % % Inventory 100 0% %6 % Total current assets 100 0% Current abilities 100 0%